MEPP has transfer agreements with a number of public sector pension plans in Canada. When you stop participating in MEPP, you might be able to transfer your MEPP benefit entitlement into your new employer's pension plan under a transfer agreement.
Application timelines vary between transfer agreements. If you are considering transferring your benefit entitlement out of MEPP under a transfer agreement, contact the Member Services Centre and your new employer or new plan’s administrator as soon as possible.
Note: You are not able to transfer your benefit entitlement out of MEPP under a transfer agreement if you qualify for an unreduced MEPP pension. In other words, you cannot transfer out of MEPP if you:
- Are vested and age 60 or older; or
- Are age 55 or older and have enough points to meet the 80 factor.